Thus far, the Fed seemingly has no bite. Normally, when the Fed has raised short-term rates, long-term yields have also risen. Not this time.
More Quotes from Jim Paulsen:
Yields seem to have found a high. Taking bond yields up every day has been a tough one for the stock market, and the fact it would pause is good news at least in short run for stocks.Jim Paulsen
On net this is not going to be a big event economically. People initially went to the big impact it was going to have, all predicated on the idea that oil was going to go a lot higher (than it has).
Jim Paulsen
When you look through the vast majority of reports - even the ones that are bad - what you see is the undertow is still pretty strong.
Jim Paulsen
It's amazing that in the fourth year of recovery, companies are still reporting double-digit earnings growth.
Jim Paulsen
One of the central characteristics of this entire global recovery is the outsized impact of these new economies. That's one of the reasons why growth has remained strong in the U.S. and profit trends have been remained positive, so if there is any inkling that we are at the front end of slowing that down, that's going to make a dramatic difference.
Jim Paulsen
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